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Consumer Reporting Agencies; CRA; circuit split; consumer; fraud; Federal Bureau of Investigation; Fair Credit Reporting Act; FCRA; credit reporting; debt collector; consumer report; identity theft; e-OSCAR; fraudent behavior; dispute resolution; Pennsylvania Higher Education Agency Services; PHEAA; Experian; Equifax; hacker; hacking; financing; credit; banking; Consumer Credit Reporting Reform Act of 1996; Automated Consumer Dispute Verification; ACDV; duty of care; cause of action; remedy; private information; Fair and Accurate Credit Transactions Act; FACTA; fraud alert; Consumer Financial Protection Bureau; CFPB; Cushman v. Trans Union Corp.; Brill v. Trans Union; Seventh Circuit; Third Circuit; jury; Henson v. CSC Credit Services; Blackwell v. Chex Systems; furnisher; consumer debt; creditor's tradelines; DeAndrade v. Trans Union LLC; Carvalho v. Equifax Information Services; Ninth Circuit; Bailey v. SCANA Energy Marketing; harmonization; harmonize;
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Full-Text Articles in Law
Door Shut And Ears Plugged: How Consumer Reporting Casts Identity Theft Victims Out Of Financial Society And How The Law Can Be Harmonized To Bring Them Back In, Ryan Bolger
Brooklyn Journal of Corporate, Financial & Commercial Law
Consumer Reporting Agencies (CRAs) are the gatekeepers to the American economy. As the chief informants for prospective lenders, landlords, and employers, they exert immense power over the day-to-day decisions of who gets what. Despite these high stakes, the CRAs run consumer reporting as an automated electronic process that causes a lot of reporting errors, disqualifying consumers from essential goods, services, and opportunities. This is painfully true in the context of identity theft, where perverse incentives pollute the integrity of consumer reporting, piling undue harm onto identity theft victims. The law provides a remedy for this problem, but circuit courts are …